7 Best Free Forex Trading Courses of 2024 (2024)

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Written by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by John Bringans

March 05, 2024

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

I’ve been working in the forex industry for over twenty years, and I’ve seen firsthand the importance of developing a solid understanding of fundamental forex concepts before diving into the forex markets.

Forex education isn’t just for beginners; even experienced investors need to stay up to speed on the latest developments in the ever-evolving forex markets. This guide will help you navigate the different types of forex trading courses and confidently pick the right educational path for your forex trading needs.

Best forex brokers with free trading courses

When looking for forex trading courses, my first instinct is to choose the free content offered by highly rated, well-regulated forex brokers. I’ve found that the forex courses offered by established brokers typically dive deep into the subject matter and tend to avoid unbalanced claims about the potential to make or lose money trading forex.

Here are my top picks in 2024 for the best forex brokers offering free trading courses:

IG - IG Academy and DailyFx.
AvaTrade - Ava Academy (20+ courses, 145+ lessons, 45+ quizzes).
Interactive Brokers - Traders’ Academy has a vast library of finance-related courses.
FOREX.com - Trading Academy courses are organized by theme and experience level.
eToro - eToro Academy's revamped education includes courses, lessons, and quizzes.
Capital.com - Multiple courses and accompanying quizzes.
City Index - High-quality educational courses and interesting video series.

Compare forex brokers with educational courses

Company	Overall Rating	Minimum Deposit	Education (Forex or CFDs)	Client Webinars	Client Webinars (Archived)	Videos - Beginner Trading Videos	Videos - Advanced Trading Videos	Investor Dictionary (Glossary)
		£250.00	Yes	Yes	Yes	Yes	Yes	Yes
		$100	Yes	Yes	Yes	Yes	Yes	Yes
		$0	Yes	Yes	Yes	Yes	Yes	Yes
		$100	Yes	Yes	Yes	Yes	No	Yes
		$10-$10,000	Yes	Yes	Yes	Yes	Yes	Yes
		$20info	Yes	No	Yes	Yes	Yes	Yes
		£100.00	Yes	Yes	Yes	Yes	Yes	Yes

Best free forex trading courses from third-party providers

There's a range of free educational resources available from non-broker, third-party providers. Forex courses from third-party providers should be devoid of cheap sales tactics and marketing ploys; always remember to check if your forex educator has any relationships with forex brokers that could present a potential conflict of interest. Let’s take a look at the best free forex trading courses from third-party providers.

1. BabyPips (School of Pipsology)

BabyPips’ School of Pipsology is an excellent educational resource for beginner forex traders and investors who are new to the world of forex trading. BabyPips' forex course structure invokes the theme of the U.S. educational framework (starting with preschool, the course takes you through K-12, middle school, high school, and ends with undergraduate studies). BabyPips does an excellent job of walking its readers through the foundational knowledge necessary for beginner forex traders before introducing more advanced topics in its 11-part course.

BabyPips also offers free trading tools, such as its MarketMilk analysis tool. Registered users at BabyPips also gain access to their forum where community members can interact and discuss various forex trading topics. I’ve found BabyPips’ educational content to be accessible to beginners, thorough in its subject matter, and engaging. Simply put, it is an excellent educational resource for forex traders. BabyPips won the ForexBrokers.com 2024 Annual Award for #1 Forex Trading Course Provider.

2. Trading Central

Founded in 1999, Trading Central is a highly trusted, widely-used provider of financial markets news, analysis, research, and other trading-related tools and educational resources. While educational content is not the company's primary focus, Trading Central provides high-quality educational courses in video format covering a variety of investment themes for forex traders. These educational videos feature professional speakers and structured, thoughtful content. Available at select brokers, Trading Central is also well-known for providing trading signals services across its suite of applications for forex and CFDs. Learn more by checking out my Trading Central guide.

Check out a walkthrough of the Trading Central web platform:

3. Online Trading Academy (OTA)

Founded in 1997, the OTA is a long-standing provider of educational courses for stock market investing and forex trading. According to the OTA’s website, more than 70,000 students have enrolled in Online Trading Academy’s education courses (as of 2020). The OTA does offer some free learning options, but much of the company's material is behind a paywall. Courses can be purchased in bundles, which has the potential to cut down on the cost of attending the OTA’s courses. All that said, I consider OTA’s costs to be on the extreme high end for forex educational courses.

Important note: Exercise caution when looking into programs or courses offered by purported "self-made" traders. Always research the provider before committing your funds and be extra wary of any websites, providers, or courses that guarantee success or make other unbalanced claims about trading profits.

ForexBrokers.com Educational Content

Looking for excellent forex educational content, but not sure where to turn? You can also stay right here at ForexBrokers.com for high-quality educational content that'll help you get started as a forex trader.

Forex Trading 101

Check out my Forex Trading 101 educational series where I explain the ins and outs of currency trading, demystify leverage for forex traders, help you understand the importance of pips in forex trading, and share my tips for getting started as a forex trader. I also developed a proprietary Pip Calculator to help you calculate the value of a pip.

Check out some screenshots of my Forex Trading 101 educational series.

At ForexBrokers.com, we developed Trust Score to make it easier for traders to identify secure, reliable brokers and to teach our readers about the importance of regulation. To help protect everyday traders from unregulated companies and illicit practices, I developed a five-part educational series aimed at helping traders protect themselves from financial scams.

Avoiding Scams

This series details the common types of forex scams, shares my top tips for avoiding forex scams, and provides resources for what to do if you think you've been scammed. I've also been writing about bitcoin and crypto for over ten years; I expanded my educational series to to help crypto traders identify (and hopefully avoid) common crypto scams.

Check out some screenshots of my educational series about common financial scams.

Are online forex trading classes worth it?

Yes, online forex classes can be worth your time (and, in some cases, your money), but not all trading classes share the same level of depth and quality. Also, not all forex courses are reputable. Make sure that you are using a highly rated education provider, and be wary of courses that disguise marketing materials as educational resources. These “courses” are generally designed to sell you something or entice you into an investment opportunity.

How much does a forex trading course cost?

Some third-party forex trading courses are free, while other “premium” courses might end up costing thousands of dollars. Fee structures tend to vary by providers; monthly fees, annual fees, and package or bundle deals are common. The cost (and quality) of these courses ultimately depend on the provider. It’s important to do your homework and ensure you are dealing with a reliable educator before choosing to pay for a forex trading course, especially given the growing variety and quality of free educational materials.

What is the best free forex class?

The educational courses available within the IG Academy are my top pick for the best free forex classes for traders of all experience levels. These courses are organized by experience level, accompanied by quizzes, and feature the ability to track your progress through the coursework. If you are looking for more educational content, IG's DailyFX program offers eight trading guides for beginners, five advanced guides, and written materials in a well-rounded, well-designed course. In my opinion, you won't find a better source of free forex educational classes than IG. Learn more by reading my IG review.

Which forex brokers have the best educational resources?

1. IG - IG Academy and DailyFX

7 Best Free Forex Trading Courses of 2024 (37)

IG delivers award-winning educational content across its websites, platforms, and DailyFX portal. I've been reviewing IG's products and services for more than eight years, and in that time IG has consistently ranked as my #1 choice for forex education. The educational resources available within the IG Academy include articles, videos, quizzes. IG also provides a dedicated mobile app for education and clients gain access to IG’s community of over 64,000 traders.

2. AvaTrade - AvaAcademy

AvaTrade rebranded its SharpTrader educational program as part of its AvaAcademy forex course offering, with comprehensive content and lessons. AvaTrade delivers an extensive selection of educational resources, including 20+ courses, 145+ lessons, and 45+ quizzes. AvaTrade’s educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channels, which help to round out its offering. Learn more by reading my AvaTrade review.

3. Interactive Brokers - Traders’ Academy

7 Best Free Forex Trading Courses of 2024 (57)

Interactive Brokers is a leading provider of educational courses for financial markets, and offers several dedicated resources for education, including its Traders' Academy portal, IBKR Quant blog, and IBKR Campus. The Traders' Academy portal effectively covers broader financial market sectors, with lessons and accompanying videos organized by experience level. It's worth noting that the primary focus of Interactive Brokers’ educational offering is the stock market (share trading) – not forex or CFDs (though the broker has developed a growing selection of forex-specific content). Check out my Interactive Brokers review to learn more.

Here's a gallery of screenshots of Interactive Brokers’ educational resources, taken by our research team during our product testing.

4. FOREX.com - Trading Academy

7 Best Free Forex Trading Courses of 2024 (65)

FOREX.com's greatly improved interactive educational offering features forex courses with integrated progress tracking and quizzes (including an overall self-assessment quiz). What stands out most to me is the quality of the content and the effectiveness of integrated multimedia. For example, the included infographics are highly descriptive and complement the learning experience. FOREX.com also holds educational webinars and has an extensive library of archived content going back over a decade on its YouTube channel. Learn more by checking out my FOREX.com review.

Browse a gallery of screenshots from FOREX.com’s educational content, taken by our research team during our product testing.

5. eToro - eToro Academy

7 Best Free Forex Trading Courses of 2024 (74)

The eToro Academy made a quantum leap in 2023 with an expansion of content across its courses, dedicated guides, and educational modules. Coverage extends to multiple asset classes, including forex, stocks, crypto, and options trading. eToro's development of educational content also includes high-quality videos, such as its "Thematic Investing with ETFs" series in collaboration with iShares by BlackRock. Read my review of eToro to learn more.

Check out this gallery of screenshots of eToro’s educational content, taken by our research team during our product testing.

Can I teach myself forex trading?

Yes, you can teach yourself how to be a forex trader. There are no official forex trading certifications or designations; nearly every forex trader is self-taught, to a certain degree. That said, there are providers of forex educational resources that can accelerate your learning. Of course, it’s important to recognize that teaching yourself how to trade forex can take considerable time, effort, and money. There is no shortcut to making money as a forex trader and no single correct way to learn how to trade forex.

Final Thoughts

My recommendation for beginner forex traders who are brand new to trading and investing is to explore free educational content from trusted online forex brokers before deciding whether a paid third-party course is right for you. Most forex trading courses provided by forex brokers will cover the core concepts and fundamental theories of forex trading, and will usually help you develop your own trading plan.

It’s important to remember that trading and investing can be a life-long journey. The key to long-term success is to develop a solid foundation of knowledge and to create sustainable, manageable trading habits.

ForexBrokers.com 2024 Overall Rankings

Now that you've seen my favorite forex educational courses, check out the ForexBrokers.com 2024 Overall Rankings. We've evaluated over 60 of the top forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.

Company	Overall Rating	Offering of Investments	Commissions & Fees	Platform & Tools	Research	Education	Mobile Trading	Trust Score	Visit Site
								99	Visit Site
								99	Visit Site
								99
								99
								99	Visit Site
								99
								99
								96
								90
								99
								87
								94
								99
								93
								95
								93
								95
								88
								87
								90
								84
								96
								86
								94
								78
								90
								88
								86
								92
								80
								83
								79
								76
								85
								83
								72
								85
								84
								75
								71
								70
								80
								83
								71
								67
								76
								70
								81
								71
								65
								78
								80
								71
								61
								71
								68
								67
								73
								67
								69
								73
								80

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Methodology

At ForexBrokers.com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score).

Our research team, led by Steven Hatazkis, conducts thorough testing on a range of features, including each broker’s individual products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and an exhaustive list of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test trading on the go.

We also test on mobile devices; for Apple, we test using the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. For a full explanation and accounting of our research and testing process, please click here to learn more about how we test.

About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

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